Definition ∞ Large transaction volume refers to a significant quantity of cryptocurrency or digital assets moved in a single transaction or over a short period. This metric refers to the aggregated value of digital assets transferred on a blockchain network, often indicating substantial activity by institutional investors or “whales.” High transaction volumes can signal increased market participation, liquidity movement, or major shifts in asset allocation. It serves as a key indicator of market depth and investor interest.
Context ∞ News reports frequently cite large transaction volumes as a barometer for market health and directional trends in the cryptocurrency space. An increase in such volumes often precedes significant price movements, attracting attention from traders and analysts. Monitoring these large movements helps in assessing market sentiment and identifying periods of heightened activity or potential accumulation and distribution phases by major market participants.